Common use of SUMMARY OF TERMS Clause in Contracts

SUMMARY OF TERMS. Form of Security The Board of Directors has declared a dividend of one preferred stock purchase right for each outstanding share of the Company's Common Stock, payable to holders of record as of the close of business on March 31, 1999 (each a "Right" and collectively, the "Rights") Transfer Prior to the Distribution Date2, the Rights will be evidenced by the certificates for, and will be transferred with, the Common Stock, and the registered holders of the Common Stock will be deemed to be the registered holders of the Rights. After the Distribution Date, the Rights Agent will mail separate certificates evidencing the Rights to each record holder of the Common Stock as of the close of business on the Distribution Date, and thereafter the Rights will be transferable separately from the Common Stock. Exercise Prior to the Distribution Date, the Rights will not be exercisable.

SUMMARY OF TERMS. Form of Security The Board of Directors has declared a dividend of one preferred stock purchase right for each outstanding share of the Company's Common Stock, payable to holders of record as of the close of business on March 31October 20, 1999 1998 (each a "Right" and collectively, the "Rights") Transfer Prior to the Distribution Date2Date[1], the Rights generally will be evidenced by the certificates for, for and will be transferred with, with the Common Stock, and the registered holders of the Common Stock will be deemed to be the registered holders of the Rights. After the Distribution Date, the Rights Agent will mail separate certificates evidencing the Rights to each record holder of the Common Stock as of the close of business on the Distribution Date, and thereafter the Rights will be transferable separately from the Common Stock. Exercise Prior to --------- 1 Distribution Date generally means the Distribution Date, the Rights will not be exercisable.earlier of:

SUMMARY OF TERMS. Form of Security The Board of Directors has declared a dividend of one preferred stock purchase right for each outstanding share of the Company's Common Stock, payable to holders of record as of the close of business on March 31August 16, 1999 2001 (each a "Right" and collectively, the "Rights") ). Transfer Prior to the Distribution Date2Date1, the Rights will be evidenced by the certificates for, for and will be transferred with, with the Common Stock, and the registered holders of the Common Stock will be deemed to be the registered holders of the Rights. After the Distribution Date, the Rights Agent will mail separate certificates evidencing the Rights to each record holder of the Common Stock as of the close of business on the Distribution Date, and thereafter the Rights will be transferable separately from the Common Stock. Exercise Prior to the Distribution Date, the Rights will not be exercisable.